Faegre Drinker Advises Cubic Corporation in Approximately $3 Billion Sale to Veritas Capital and Evergreen Coast Capital

Faegre Drinker served as co-counsel to public transportation and defense technology company Cubic Corporation (“Cubic”) in its sale to Veritas Capital and Evergreen Coast Capital Corporation. The transaction closed on May 25, 2021, and is valued at approximately $3 billion, including the assumption of debt.

The core Faegre Drinker team included corporate partners Mike Stanchfield, Morgan Burns and associate Ryan Woessner. Additional team members were partners Amy Seidel, Page Fleeger, Kathleen Emberger, Paul Moe, associates Mark Rosenfeld, Eric Cole, Melanie Pulles, Natalie Kraft, Nick Corbett and senior paralegal Amra Hoso.

Headquartered in San Diego, Calif., Cubic is a technology-driven, market-leading provider of integrated solutions that increase situational understanding for transportation, defense C4ISR, and training customers worldwide to decrease urban congestion and improve the militaries’ effectiveness and operational readiness.

Read Cubic’s press release for more information on the deal.